While it is true that Bitcoin (BTC) could theoretically crash the tens of thousands dollars necessary to take it to zero, a user of Reddit has pledged their intention to buy the blood. Also, since the debut of Bitcoin in 2009, the inaugural crypto blockchain has survived many deaths that were speculated.
‘Bitcoin will never go to zero in my Lifetime’ which the aforementioned was the statement made by u/substantial-Ad-5012 a Reddit user on the R/Bitcoin subreddit yesterday. Also, the reddit user asked why will bitcoin never go to zero, he answered the rhetorical question that at 1 cent, he is ready and willing to buy the bitcoin mined.
The user further opined that:
“So the next time a bitcoin skeptic brings up the bitcoin going to zero argument just let them know that a random reddit guy on the internet said that he will not let that happen.”
CoingGecko estimates that the total number of Bitcoins mined since the genesis block is around 18,677,925. In the unlikely event that Bitcoin does in fact drop to $0.01 USD, it would cost a mere $187,000 to pick up every coin in circulation — not accounting for the fact that some believe 20% of all Bitcoin are inaccessible.
Over the years, many old-world financial personalities have forecast Bitcoin’s eventual demise, including gold evangelist Peter Schiff. In 2020, Jim Rogers, a notable investor, said he expects a future price of $0 for BTC. In 2018, Bill Harris, the former CEO of PayPal, also predicted a $0 price tag. Additionally, Distributed Lab CEO Pavel Kravchenko said Bitcoin could become worthless, although his stance was contingent on certain conditions.